Pakistan is set to secure around $6 billion over the next three years in a bailout from the International Monetary Fund (IMF).
It's the 13th bailout since the late 1980s that the country has received from the IMF.
"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said.
The funding still needs approval from the IMF's management.
Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
ADNOC's XRG advances global gas strategy with Venezuela entry
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Iger, Kushner purchasing Lakers for record $12.5 billion
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
Chair of India's Tata to step down after tension with controlling charity
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Emirates offers flyers to Dubai unlimited free date changes
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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What are the rules and laws in the UAE regarding car modifications that every car owner should know?
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What inspired them to choose running as their form of exercise despite their busy work schedules as OFWs?
